GameSquare (NASDAQ:GAME) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded GameSquare to a "hold", but the stock still carries a MarketBeat consensus rating of "Sell" with other firms like Weiss reiterating "sell" and Zacks cutting it to "strong sell".
• The company shows weak fundamentals: shares traded around $0.60 with a market cap of about $57M, reported -$0.04 EPS last quarter on $18.46M revenue, and has deeply negative return on equity and net margin; analysts forecast about -0.1 EPS for the year.
• Institutional investors own roughly 64% of the stock, with large recent position increases from Vanguard and UBS among others, indicating notable hedge fund and institutional activity despite the negative outlook.

GameSquare (NASDAQ:GAME - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research report issued on Saturday.

Several other brokerages have also commented on GAME. Weiss Ratings reiterated a "sell (e+)" rating on shares of GameSquare in a research report on Tuesday. Zacks Research lowered GameSquare from a "hold" rating to a "strong sell" rating in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of "Sell".

GameSquare Stock Down 2.0%

NASDAQ:GAME opened at $0.60 on Friday. The company has a market cap of $57.17 million, a PE ratio of -1.09 and a beta of 0.82. The business's 50 day moving average is $0.33 and its two-hundred day moving average is $0.44. GameSquare has a 52 week low of $0.24 and a 52 week high of $2.87.

GameSquare (NASDAQ:GAME - Get Free Report) last issued its earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) EPS for the quarter. The firm had revenue of $18.46 million during the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%. As a group, sell-side analysts expect that GameSquare will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On GameSquare

A number of hedge funds and other institutional investors have recently bought and sold shares of GAME. Geode Capital Management LLC boosted its stake in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company's stock valued at $186,000 after acquiring an additional 41,196 shares during the period. XTX Topco Ltd acquired a new position in GameSquare in the second quarter valued at approximately $38,000. Vanguard Group Inc. boosted its stake in GameSquare by 353.8% in the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company's stock valued at $2,908,000 after acquiring an additional 3,339,080 shares during the period. UBS Group AG boosted its stake in GameSquare by 275,329.0% in the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company's stock valued at $1,133,000 after acquiring an additional 1,668,494 shares during the period. Finally, B Group Inc. acquired a new position in GameSquare in the third quarter valued at approximately $170,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

GameSquare Company Profile

GameSquare Inc NASDAQ: GAME is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare's offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.

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